#rip-medical-debt

#rip-medical-debt

New York City has pledged to pay down $2 billion worth of residents' medical debt, following the lead of Cook County, Illinois, which became the first local government to partner with RIP Medical Debt to alleviate its residents' debt.

RIP Medical Debt's model involves buying up unpaid hospital bills at a small fraction of the original value and forgiving them, effectively erasing the debt for patients. [ more ]

Cook County in Illinois was the first local government to partner with RIP Medical Debt, using federal pandemic rescue funds to relieve residents' medical debt.

RIP Medical Debt buys unpaid hospital bills at a fraction of the original value and forgives the debt, alleviating the financial burden for patients. [ more ]

New York City plans to wipe out over $2 billion in medical debt for up to 500,000 residents.

The city is partnering with RIP Medical Debt to buy the debt in bulk and forgive the amounts for people with low incomes or financial hardships. [ more ]

New York City will purchase and erase millions of dollars of medical debt for up to 500,000 residents

The program is aimed at low-income New Yorkers with medical bills at least 5% of their annual household income [ more ]

New York City plans to eliminate over $2 billion of medical debt for up to 500,000 residents in partnership with RIP Medical Debt.

The program aims to address the financial burden of medical debt on low-income households and individuals with inadequate insurance. [ more ]